HomeMy WebLinkAboutReso 1994-17659 RESOLUTION NO. 17659
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROVING ISSUANCE OF REFUNDING TAX
ALLOCATION BONDS BY THE REDEVELOPMENT AGENCY OF
THE CITY OF CHULA VISTA RELATING TO THE MERGED
BAYFRONT/TOWN CENTRE REDEVELOPMENT PROJECT AREA
WHEREAS, the Redevelopment Agency of the City of Chula Vista (the "Agency") is
proceeding to implement the redevelopmerit of the merged Bayfront/Town Centre
Redevelopment Project in the City of Chula Vista, and to provide funds for such purpose the
amount of Bayfront/Town Centre Redevelopment Project 1986 Tax Allocation Bonds (the
"1986 Bonds"); and,
WHEREAS, the Agency has previously adopted its Resolution No. 1383 on December
28, 1993, authorizing the issuance of bonds in the aggregate principal amount of not to
exceed ~37,500,000 (the "Bonds") to refund the 1986 Bonds, and the validity of the issuance
of the Bonds and matters relating thereto has recently been determined by the San Diego
County Supervisor Court; and,
WHEREAS, the Agency has determined to proceed with the sale of the Bonds at this
time, and in accordance with the requirements of Section 33640 of the California Health and
Safety Code, the City Council wishes to approve the issuance of the Bonds by the Agency.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby resolve, determine and order as follows:
Section 1. The issuance of the Bonds by the Agency in accordance with Resolution No.
1383 of the Agency be and is hereby approved.
Section 2. This Resolution shall take and be in full force and effect immediately upon the
passage and adoption hereof.
Section 3. The City Clerk shall certify to the passage and adoption of this Resolution; shall
enter the same in the book or original Resolutions of the City; and shall record
the passage and adoption hereof in the minutes of the meeting at which the
same is passed and adopted.
fo.tm
B uce . Boogaanl
Director of Finance C~ty Attor ey
Resolution No. 17659
Page 2
PASSED, APPROVED and ADOPTED by the City Council of the City of Chula Vista,
California, this 20th day of September, 1994, by the following vote:
YES: Councilmembers: Fox, Horton, Moore, Rindone, Nader
NOES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
Tim Nader, Mayor
ATTEST:
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 17659 was duly passed, approved, and adopted by the City
Council at a joint City Council/Redevelopment Agency meeting held on the 20th day of
September, 1994.
Executed this 20th day of September, 1994.
Bevedy ~ Authelet, City Clerk
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